Arla Foods Annual Report 2020 slide image

Arla Foods Annual Report 2020

Management Review Our Strategy Our Brands and Commercial Segments Our Responsibility Our Governance Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data HIGHLIGHTS The strong dedication from farmer owners and employees, close collaboration with customers, and our diverse and resilient business enabled us to continue our sustainable growth while quickly adapting to the new reality defined by Covid-19. We grew our brands in most markets, implemented Climate Checks on farms, and entered the market for plant-based products, while continuing to deliver our transformation and efficiency programme, Calcium, and maintaining a steady flow of products in all our markets. ADAPTING FAST TO NEW DEMAND Extraordinary circumstances call for extraordinary solutions. While retail faced increasing demand from consumers lunching and cooking at home, our foodservice business was highly impacted by lockdowns of restaurants, cafés, hotels etc. A strong cross-functional collaboration made it possible to quickly shift products from foodservice into retail as well as to accelerate our digital marketing and e-commerce focus. This was possible due to the agility of operations and markets and the resilience of our organisation, supported by a strong collaboration with our customers and commercial partners. 15% ro SOYA ARLA EMPLOYEES WALKED THE EXTRA MILE Since the beginning of the pandemic, employees across the entire company worked hard to uphold a steady flow of products to consumers all over the world. It took a massive effort to adjust routes, milk allocation and production to meet the spike in products for in-home consumption. Huge extra amounts of ingredients and packaging materials were sourced in a very short time, and logistics did a tremendous job delivering the products to stores with changed time schedules and delivery procedures. The production capacities at some sites were tested, particularly at Holstebro Dairy from where a record-high 86 trucks of LurpakⓇ products were shipped to the UK in one week. ARLA FARMER OWNERS KEPT PRODUCTION GOING Like for everyone else, it was a challenge for Arla's farmer owners to balance work and personal life during lockdowns, where home schooling of children, keeping employees safe and finding new ways of interacting with business partners required extra resources. Despite these circumstances, our farmer owners managed to keep up milk production, while installing their own safety measures for employees at the farm. The farmer owners also managed the challenge of keeping the cooperative democracy alive by shifting to online meeting formats during the pandemic. 7 ARLA FOODS ANNUAL REPORT 2020
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